Why do owner operators need commercial insurance?
Owner operator truck insurance can cover lawsuits over property damage and injuries. Most states have requirements for auto liability coverage, which can protect you from the high costs of an auto accident. Client contracts might also have insurance requirements for motor carriers and shippers.
Get the right insurance
Insureon's licensed agents help owner operators find insurance policies that match the unique risks of the trucking industry.
Fill out our easy online application to get quotes from top insurers and expert advice.
What types of business insurance do owner operators need?
These policies cover common risks faced by owner operator truckers.
Commercial auto insurance
This type of commercial truck insurance coverage can pay for a trucking company's legal defense costs in an accident. It can also cover vehicle theft and vandalism.
- Bodily injury caused by your truck
- Theft of a semi-truck
- Physical damage coverage
General liability insurance
A general liability policy covers accidents that harm someone outside your company or their property, such as a slip-and-fall injury in a dispatch office or on grounds used for storage.
- Third-party medical expenses
- Third-party property damage
- Libel and slander lawsuits
Workers' compensation insurance
Most states require workers' comp for trucking businesses with employees. It also covers work-related medical bills for sole proprietors, which personal health insurance could deny.
- Employee medical expenses
- Disability benefits
- Lawsuits from employee injuries
Business owner's policy
A BOP is a cost-effective way for owner operators to buy general liability and commercial property insurance together. It protects against common lawsuits and property damage.
- Accidents that harm clients
- Stolen or damaged items
- Business interruption insurance
Cyber insurance
This policy helps owner operators recover financially from cyberattacks and data breaches. It's sometimes called cyber liability insurance or cybersecurity insurance.
- Ransomware attacks
- Data breach investigations
- Customer notification costs
How much does owner operator insurance cost?
An owner operator who delivers light loads in a sprinter van can expect to pay less for insurance than one who drives a semi-truck.
The cost of owner operator insurance depends on several factors, such as:
- Business revenue
- Type of vehicle and its value
- Type of cargo transported
- Driving record
- Policy limits and deductibles
- Claims history
- Endorsements, like bobtail coverage
How do I get owner operator insurance?
It's easy to get owner operator insurance if you have your company information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees. You can buy insurance products online and get a certificate of insurance with Insureon in three easy steps:
- Complete a free online application.
- Compare coverage options and choose a policy.
- Pay for your policy and download a certificate.
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right types of insurance for your trucking business, whether you work independently or hire truck drivers. Our agents can help you find all the coverages you need to stay protected and meet DOT insurance requirements, including towing insurance, cargo insurance, or non-trucking liability insurance.
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